SECOND FAMILY INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

JOSEPH LABULE

Phone

3019259271

Tax Period

2024-07-01 to 2025-06-30

SECOND FAMILY INC, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $36.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $35.1M left a modest 4% surplus.

Mission

TO PROVIDE, SPONSOR, FACILITATE, AND PROVIDE FOR, DIRECTLY OR INDIRECTLY, THE RESIDENTIAL CARE OF MEDICALLY-FRAGILE, TECHNOLOGY-DEPENDENT CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $29,622,094 Revenue: $4,772,717

TO COMPLEMENT THE PROGRAMS, INITIATIVES AND GOALS OF FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES AND INSTRUMENTALITIES, TO LESSEN GOVERNMENTAL BURDENS, TO PROMOTE, SPONSOR, FACILITATE, AND PROVIDE FOR, DIRECTLY OR INDIRECTLY, THE RESIDENTIAL CARE OF MEDICALLY FRAGILE, TECHNOLOGY DEPENDENT CHILDREN. FOR THE LAST 20 YEARS, THE MISSION OF SECOND FAMILY, INC. (THE LARGEST PROVIDER OF COMMUNITY RESIDENTIAL CARE TO MEDICALLY FRAGILE CHILDREN IN THE STATE OF MD), HAS BEEN AND CONTINUES TO BE ENABLING MEDICALLY FRAGILE, TECHNOLOGY DEPENDENT CHILDREN TO BE CARED FOR IN THE COMMUNITY IN LIEU OF LONG-TERM INSTITUTIONS. SECOND FAMILY, INC. PROVIDES THE CHILDREN THE ABILITY TO LIVE, BE EDUCATED, PLAY, AND BE INTEGRATED IN THE COMMUNITY THUS LESSENING THE FINANCIAL BURDEN ON FEDERAL, STATE, AND LOCAL GOVERNMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,766,709

Program Service Revenue $4,511,007

Investment Income $81,500

Other Revenue $261,710

TOTAL REVENUE $36,620,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,564,665

Fundraising Expenses $0

Program Expenses $29,622,094

Other Expenses $15,490,299

TOTAL EXPENSES $35,054,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,620,926	$32,334,920	+0.1%
Expenses	$35,054,964	$33,067,575	+0.1%
Net Income	$1,565,962	$-732,655	-3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

265

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,581,262

Total Directors

Key Employees

$562,733

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGEL PEREZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN MAINES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DELOIS JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARREL FOUSHEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHILDA FROST LABULE	PRESIDENT	55.00	Officer	$481,462	$44,873	$526,335
JOSEPH LABULE	EXECUTIVE DIRECTOR	55.00	Officer	$446,042	$44,474	$490,516
NEELY MOODY	CHIEF OPERATING OFFICER	42.00	Officer	$109,091	$25,509	$134,600
DAVID FLEMMONS	DIRECTOR OF ADMINISTRATION	50.00	Officer	$261,672	$37,669	$299,341
JANET OLAJIDE	CHIEF FINANCIAL OFFICER	40.00	Officer	$101,403	$29,067	$130,470
ALETA WIMBUSH	STAFF DEVELOPMENT DIRECTOR	50.00	Key Emp	$204,179	$35,744	$239,923
KIMBERLY TARVER	GENERAL COUNSEL/COMPLIANCE	40.00	Key Emp	$282,115	$40,695	$322,810
BETTY RAINSFORD	REGISTERED NURSE SUPERVISOR	50.00	Highest	$279,903	$40,417	$320,320
DORIAN FROST	IT DIRECTOR	40.00	Highest	$138,867	$36,449	$175,316
MARION HAILEY	REGISTERED NURSE SUPERVISOR	42.00	Highest	$163,041	$36,137	$199,178
ARNOLD LABULE	MEDICAL CLINCIAL AFFAIRS SPECIALIST	40.00	Highest	$165,402	$24,185	$189,587
TANESHIA THOMAS	PROGRAM MANAGER	40.00	Highest	$156,775	$9,550	$166,325

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$36,620,926	$35,054,964	$21,522,936	$1,565,962
2024	$32,334,920	$33,067,575	$15,907,503	$-732,655
2023	$27,409,559	$23,765,573	$14,043,077	$3,643,986
2022	$18,134,907	$15,833,225	$9,255,740	$2,301,682
2021	$18,458,422	$17,539,334	$8,336,293	$919,088
2020	$16,917,702	$13,526,939	$7,795,450	$3,390,763
2019	$10,164,701	$10,338,515	$2,688,814	$-173,814
2018	$9,712,688	$9,891,876	$2,307,302	$-179,188